UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Pitney Bowes Inc. (NYSE:PBI - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 398,051 shares of the technology company's stock after acquiring an additional 27,629 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Pitney Bowes worth $2,882,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Pitney Bowes during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC raised its holdings in shares of Pitney Bowes by 130.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,078 shares of the technology company's stock valued at $37,000 after buying an additional 2,873 shares during the last quarter. Xponance Inc. boosted its position in shares of Pitney Bowes by 36.7% during the fourth quarter. Xponance Inc. now owns 14,283 shares of the technology company's stock worth $103,000 after buying an additional 3,837 shares during the period. Cibc World Markets Corp bought a new position in Pitney Bowes in the 4th quarter worth approximately $110,000. Finally, Envestnet Portfolio Solutions Inc. increased its position in Pitney Bowes by 11.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,000 shares of the technology company's stock valued at $130,000 after acquiring an additional 1,878 shares during the period. Institutional investors own 67.88% of the company's stock.
Pitney Bowes Stock Up 1.9%
NYSE:PBI traded up $0.20 during trading hours on Friday, reaching $10.52. 1,651,054 shares of the company's stock were exchanged, compared to its average volume of 2,137,771. The company has a market capitalization of $1.93 billion, a P/E ratio of -9.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.61. Pitney Bowes Inc. has a 12 month low of $4.62 and a 12 month high of $11.01. The business's 50-day simple moving average is $9.02 and its two-hundred day simple moving average is $8.74.
Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $493.42 million during the quarter, compared to analyst estimates of $498.99 million. Pitney Bowes had a negative return on equity of 20.95% and a negative net margin of 7.71%. The company's revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS. As a group, sell-side analysts anticipate that Pitney Bowes Inc. will post 1.21 earnings per share for the current fiscal year.
Pitney Bowes Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.28 dividend on an annualized basis and a yield of 2.66%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.06. Pitney Bowes's dividend payout ratio (DPR) is currently -30.77%.
Analyst Ratings Changes
A number of research analysts have issued reports on PBI shares. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 15th. Sidoti raised shares of Pitney Bowes to a "hold" rating in a report on Monday, May 5th.
Read Our Latest Analysis on Pitney Bowes
About Pitney Bowes
(
Free Report)
Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.
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